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Selling a pharmacy: the capital gains exemption
The Lifetime Capital Gains Exemption lets you shelter up to $1,275,000 of capital gains on a qualifying share sale in 2026. That is indexed from $1,250,000
Can your spouse be a shareholder in your medical corporation
The College of Physicians and Surgeons of BC requires that voting shares of a medical professional corporation be owned by eligible licensees, physicians w
Splitting income with family as a dentist: the TOSI rules
The tax on split income rules have an important exception for excluded shares. To qualify as excluded shares, the corporation must not be a professional co
Selling your veterinary practice: using the lifetime capital gains exemption
The Lifetime Capital Gains Exemption lets you sell qualifying shares of a Canadian-controlled private corporation and shelter up to $1,275,000 of capital g
Incorporating a chiropractic practice in BC
As of 2026, BC chiropractors are regulated by the College of Complementary Health Professionals of BC. This is a newer regulatory body that replaced the fo
Income splitting: a pharmacy vs a medical practice
The tax on split income rules have an exception for excluded shares. To qualify as excluded shares, the corporation must not be a professional corporation
Understanding CPA Fees for Small Businesses in Canada: What You Need to Know
Learn about CPA fees for small businesses in Canada. Understand the factors affecting costs, common fee structures, and tips for managing expenses to make informed decisions.
Finding the Best CPA for Your Small Business in Canada: How to Choose the Right Expert for Your Financial Needs
Discover how to find the best CPA for your small business in Canada with our comprehensive guide. Learn the essential steps to choose the right expert for your financial needs and ensure your business’s financial health.
Frequently Asked Questions about RESPs
Get comprehensive answers to all your questions about RESPs, including how they work, the benefits, drawbacks, contribution limits, withdrawal rules, and tax implications. Perfect for parents planning their children’s education savings.
Stress-Free Accounting: Tips for Managing Your Small Business Finances
Explore practical tips for Canadian small business owners to manage their finances stress-free, from separating personal and business finances to leveraging cloud accounting solutions.
Top Accounting Software for Small Businesses in Canada: QuickBooks vs. Xero
Compare QuickBooks and Xero to determine the best accounting software for your small business in Canada. Learn about key features, pricing, and benefits tailored to Canadian businesses.
Top Accounting Websites for Small Business Owners: Resources for Financial Management
Explore the top accounting websites that Canadian small business owners can leverage to streamline financial management and enhance operational efficiency.
Canadian Tax Brackets 2026: Your Complete Guide to Rates Changes
Key Takeaways: At a Glance New 2026 Federal Changes: The lowest federal tax bracket rate is now a full 14% for the entire year, no longer a blended rate. Basic Personal Amount: You can earn up to $16,452 federally before paying any income tax. Inflation Adjustment:...
Top 5 Tax Mistakes BC Veterinarians Make Every Year (And How to Fix Them in 2025)
During 2024 CRA audits I defended for six BC veterinary clinics, the same five errors showed up every single time and costing owners $9,400 to $42,700 each. Grab coffee, tick the checklist, and never pay these again. 1. Paying PST on Exempt Medical Devices Mistake:...
Can Vet Clinics Claim the GST Back on Equipment in BC? A CPA Explains
Can Vet Clinics Claim the GST Back on Equipment in BC? A CPA Explains I’m a CPA in Lower Mainland, who prepares about 60 veterinary tax returns every year, and the question I hear most after a big equipment purchase is: “Can we...
BC PST for Online Marketplaces: A Guide for Sellers on Amazon, Etsy & More
Discover essential information about Records of Employment (ROEs) in Canada, including issuance, form details, dismissal codes, and where to get help.
OAS Clawback Explained for 2025 | Ghumans
Discover essential information about Records of Employment (ROEs) in Canada, including issuance, form details, dismissal codes, and where to get help.
Record of Employment (ROE) FAQs: Your Comprehensive Guide for 2025
Discover essential information about Records of Employment (ROEs) in Canada, including issuance, form details, dismissal codes, and where to get help.